February 1, 2018 / 8:17 AM / 2 months ago

LIVE MARKETS-Opening snapshot: top movers

    * European shares up 0.5 pct
    * Slew of earnings dominate trading
    * NEX Group jumps 7 pct after revenues rise
    * TDC tumbles on deal to buy

    Feb 1 (Reuters) - Welcome to the home for real time coverage of European equity markets
brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on
Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net
    Return of the melt-up? European stocks are striding into February with strong gains led by
banking and tech stocks.
    Among notable movers after results, Bic is down 6.7 percent while NEX Group
 is top of the STOXX, up 7.4 percent after revenues rose. The financial technology firm
benefited from markets it said were 'noticeably' more active this year.
    Meanwhile Shell took a 5 percent dive at the open and is now down 1.8 percent, the
worst-performing on the FTSE 100. It seems the cashflow might be what the market's taking issue
with. "Unfortunately, resilient earnings do not appear to have translated into cash generation
this quarter," write RBC analysts.
    Dealmaking is still a feature too with Denmark's TDC tumbling 10.7 percent after
saying it would buy Swedish Modern Times Group's broadcasting and entertainment
    (Helen Reid)
    European shares are expected to open higher on the first day of February with futures up
around 0.4-0.5 percent following a weak end of January, which was marked by jitters over rising
bond yields and a stronger euro.
    Earnings will be a key focus with heavyweights such as oil major Royal Dutch Shell
and drugmaker Roche having already reported results. Profits at Shell more than doubled,
slightly beating analyst expectations, although traders indicated the stock 1-2 percent lower
citing weak cash flow. Net income at Roche fell as sales growth was broadly in line with
    Consumer goods maker Unilever delivered better than expected fourth-quarter sales
growth, a possible relief for a sector which has been hit this year by a rotation back into
cyclical stocks. Its shares were indicated 1 percent higher.
    Overall fourth-quarter earnings for the STOXX 600 are expected to increase by 11.9
percent year on year, the latest Thomson Reuters data showed.
    In M&A news, traders mentioned as possibly market-moving a Bloomberg report saying BHP
 is mulling a split of its US shale unit to speed up the sale of the business it values
at $10 billion. 
    (Danilo Masoni)
    With so many results coming in today, we've rounded up some of the most important we're
Shell's 2017 profits more than double
Unilever fourth-quarter sales better than expected
Daimler warns spending on new technology to dampen earnings growth 
Vodafone's growth edges lower in Europe, but still on track for year
Nokia top quarterly expectations, buoyed by patent payment 
Roche expects 2018 profit to grow faster than sales[
BT's Openreach ramps up fibre broadband rollout 
Microsoft's cloud computing business grows, stock edges up
Facebook forecasts rising ad sales despite dip in usage 
Novo Nordisk posts Q4 results slightly below expectations, chairman to step down 
BBVA Q4 net profit falls 90 pct after Telefonica stake writedown
Denmark's TDC to buy MTG's Nordic Entertainment and Studios
Denmark's Orsted beats Q4 forecasts on strong wind operations 
DNB Q4 beats forecast despite rise in digital investment 
Dassault Systemes posts double-digit growth in new licences revenue 
Lundin Petroleum launches dividend payments 
Skanska construction order intake just lags expectations 
UK's Rank interim profit jumps on strong online business 
Vivendi CEO optimistic about talks with Mediaset over pay-TV dispute 
Oreo maker Mondelez's profit beats on higher demand for key brands 
Melrose to publish formal bid document for GKN on Thursday - source 
Britain's Cranswick says Q3 revenue ahead on strong Christmas 
NEX Group says markets "noticeably" more active since start of 2018 
British private equity group 3i posts increase in net asset value per share 
Ocado promotes Luke Jensen to executive director role​ 
(Tom Pfeiffer)
    Futures have opened markedly higher this morning, pointing to a convincing bounceback for
the European stock market after a weak end to January. As we pointed out earlier, it's all about
earnings today, and UK companies' results have just hit the wire with heavyweights Unilever
 and Shell reporting as well as Vodafone. 
    (Helen Reid)
    It's going to be another busy day for corporate eanings with some big heavyweights like
drugmaker Roche, bank BBVA and Nokia
 having already released their numbers earlier on. 
    Overall fourth-quarter earnings for the STOXX 600 are expected to increase by 11.9 percent
year on year, the latest Thomson Reuters data showed.
    Here's your full list of companies reporting today:
    AB SKF Q4 2017 Earnings Release    
    AcadeMedia AB Q2 2018 Earnings Call
    Aptiv PLC Q4 2017 Earnings Call
    Banco Bilbao Vizcaya Argentaria SA Q4 2017 Earnings Call
    CapMan Oyj Q4 2017 Earnings Release
    Cimpress NV Q2 2018 Earnings Call
    Coloplast A/S Q1 2018 Earnings Call
    Core Laboratories NV Q4 2017 Earnings Call
    Daimler AG Q4 2017 Earnings Release
    Dassault Systemes SE FY 2017 Earnings Call 
    DNB ASA Q4 2017 Earnings Release
    Eaton Corporation PLC Q4 2017 Earnings Call
    Ferrari NV Q4 2017 Earnings Call
    Granges AB Q4 2017 Earnings Release
    Inwido AB (publ) Q4 2017 Earnings Release
    JM AB Q4 2017 Earnings Release
    Kesko Oyj Q4 2017 Earnings Release
    Lemminkainen Oyj FY 2017 Earnings Call
    Lundin Petroleum AB Q4 2017 Earnings Release
    Modern Times Group MTG AB Q4 2017 Earnings Release
    Nokia Oyj Q4 2017 Earnings Release
    Novo Nordisk A/S Q4 2017 Earnings Call
    OM Asset Management PLC Q4 & FY 2017 Earnings Call
    Orsted A/S Q4 2017 Earnings Release
    Panostaja Oyj Annual Shareholders Meeting
    Petroleum Geo Services ASA Q4 2017 Earnings Release
    Qiagen NV Q4 2017 Earnings Call
    Rank Group PLC HY 2018 Earnings Release    
    Roche Holding AG FY 2017 Earnings Release
    Royal Dutch Shell PLC Q4 2017 Earnings Release
    Sensata Technologies Holding NV Q4 2017 Earnings Release
    Skanska AB Q4 2017 Earnings Release
    Stolt-Nielsen Ltd Q4 & FY 2017 Earnings Call
    Unilever PLC Q4 2017 Earnings Release
    Yit Oyj Q4 2017 Earnings Release
    (Danilo Masoni)

    Good morning and welcome to Live Markets. 
    European stocks are set for a positive open on the first day of February, recovering the
slight losses seen in the previous session when the broader STOXX 600 index fell for a
third straight session to its lowest level in almost four weeks. The STOXX ended January up 1.6
    Overnight Asian shares eked out modest gains, clawing back sharp losses from earlier this
week, however, rising U.S. bond yields and interest rates could dampen investors' optimism
toward the global economic outlook.
    Here are your opening calls, courtesy of CMC Markets.
    FTSE100 is expected to open 23 points higher at 7,556
    DAX is expected to open 41 points higher at 13,230
    CAC40 is expected to open 14 points higher at 5,495
    (Danilo Masoni)

 (Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)
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